Cannabis company Tilray is expanding in the U.S.—but in order to keep its listing on the Nasdaq it’s not allowed to sell or cultivate marijuana
is expanding across the U.S. to get a foothold in the market for legal marijuana, pursuing transactions and targets in related industries to stay within the bounds of its U.S. listing requirements.
Tilray also owns SweetWater Brewing Co., an Atlanta-based craft brewery whose beer list includes a flavor that smells like a particular strain of cannabis. Tilray bought the business “We believe that the U.S. is closer to legalization than it ever has been, but the process will take time,” said Chief Financial Officer Carl Merton. Tilray is aiming to build brand recognition with consumers and put in place the infrastructure necessary to capitalize on U.S. legalization, if it happens, Mr. Merton said.
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